The high capital required for the iron ore industry is expected to pose challenges for the market growth during the forecast period. Huge investments are necessary for heavy machinery and infrastructure such as railways and harbors for the transport of iron ore from the mine to freight.
[USPRwire, Thu Jan 19 2017] Global Iron Ore Market Share, Size, Trends, Analysis, Overview, Competitive Scenario and Forecasts, 2015-2019
Technavio's market research analyst predicts the global iron ore market to grow at a CAGR of around 3% during the forecast period. The rising the demand from the construction, infrastructure, and transportation sectors id driving the growth of this market. Around 98% of the iron ore mined is used in making steel that is consumed by the mechanical machinery, maritime equipment and vessels, infrastructure and construction sectors.
The high capital required for the iron ore industry is expected to pose challenges for the market growth during the forecast period. Huge investments are necessary for heavy machinery and infrastructure such as railways and harbors for the transport of iron ore from the mine to freight. Governments in various regions are now introducing new policies to attract private investors in the iron ore mining business by enabling dedicated ports or terminals to handle iron ore operations.
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The iron ore lumps segment accounted for 62% of the market share during 2014 and is expected to reach a market volume of around 1.43 billion metric tons by the end of 2019.
Segmentation by grade and analysis of the iron ore market
Table of Content
PART 01: Executive summary
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PART 02: Scope of the report
• Market overview
• Top vendor locations
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Global crude steel industry
• Global crude steel production
PART 06: Market landscape
• Market overview
• Major regions in iron ore production
• World reserves of iron ore by country
• Global exports of iron ore
• Imports of ferrous scrap
PART 07: Global iron ore market
• Market size and forecast
• Five forces analysis
PART 08: Market segmentation by form
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